E-Wave for the S&P 500 Index

[JLS]

That said ...

Tomorrow's futures are all in the red at this time of day.

And, as I already pointed out, the yield curve is inverted, more so than I've seen in years AND short term bonds are paying some pretty high rates AND those rates are guaranteed.

That said, the current price is at a significant support level, so what happens now depends on the next throw (or two or three) of the dice. I'm not a gambler so I'm going to be staying out of stocks. For what it's worth, the inversion started in August of last year, so it's had almost a full year to fatten up.

With short term bonds (even the 3-month) paying as much as they currently are, those bonds are going to suck up a lot of money that may have been destined for stocks.

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